Sidney Phillips Sell Renowned Lincolnshire Pub

Posted by Sidney Phillips on 4th February 2021 -

Licensed Property Specialists Sidney Phillips have completed on the letting with an option to purchase of the Coach & Horses, Billinghay, a roadside food-led pub and restaurant situated on the A153 Tattershall Road between Sleaford & Horncastle.

The property had been vacant since July 2019 where previously it had operated as a community public house and destination restaurant. The premises offered a traditional menu twinned with real ales, a selection of lagers and live music, as well as various community events. The venue was well utilised for hosting business meetings, weddings, christenings, wakes and motorcycle meet in the large wrap around car park.

Sidney Phillips have let the property to an experienced regional operator, who has already started extensive cosmetic work on the pub with a view to get the business operational for when restrictions on hospitality are lifted.

Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “It is great to see the Coach & Horses being returned to its former glory. I have the greatest confidence that the new owner’s experience will be a driving factor in ensuring the success of this once renowned pub. Being local to the area I know the community will welcome this revitalised establishment with open arms, and look forward to utilising the business myself.”

Sidney Phillips sold the Coach & Horses off a leasehold asking price of £15,000 and a freehold asking price of £295,000.

For further information about pubs for sale, pubs to let, investments for sale or how to buy a business, please contact Sidney Phillips on 01522 500059 or please click here.